Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.97829 with take profit at 0.97940
Bearish Preference:
Sell position is envisaged if price trades below 0.97401 with take profit at 0.97269
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
The U.S. dollar stabilized in early European trading Friday after the release of another hot U.S. inflation number, while sterling retreated from sharp overnight gains amid speculation that the U.K. government is set to withdraw its plans for massive unfunded tax cuts.
Analysis: SCRUM Team